Why cancer, heart attack and stroke insurance?
If you were diagnosed with cancer or suffered a heart attack or a stroke, the last thing you would want to worry about is your finances. Cancer, Heart Attack and Stroke coverage from Guarantee Trust Life Insurance Company can help you receive the financial peace of mind that allows you to focus on what really matters most — your recovery.
Because out-of-pocket medical expenses are on the rise, GTL’s CHS Protection Plus Plan was designed to pay cash benefits directly to you and pays regardless of any other insurance coverage you may have should you or a covered family member be diagnosed with cancer, suffer a heart attack or have a stroke.
The cash benefits from your policy can be used to:
-Supplement Lost Income
-Pay for Experimental Treatments and Surgeries
-Take a recuperative trip or vacation
-Cover medical co-payments and deductibles
-Allow for extra time off of work
-Provide cash for car and mortgage payments
Product Features and Details…
Under this plan, a lump sum amount will be paid directly to you* regardless of any other health care coverage you may have, upon the First Diagnosis of Cancer** or if you suffer a heart attack or stroke. Benefit amounts are flexible, and can range from $10,000 to $75,000, in increments of $5,000 depending on your specific needs. Also, the benefits are eligible to restore through GTL’s New Recurrence Benefit option.
Issue Ages: 0-85 years (age at last birthday)
Coverage: Individual, Single Parent, Couple and Family (Each covered person(s) will be covered by the same Lump Sum Benefit amount.)
Benefit Amounts: Minimum face amount is $10,000; Maximum face amount is $75,000 (In increments of $5,000)
*In most states there is a 30 day waiting period, beginning on the issue date of the policy. Waiting period is not applicable in MO, MT, SD.
How CHS Protection Plus Works…
Choose the policy that’s right for you
Lump Sum Cancer Policy: You will receive a lump sum benefit amount paid directly to you upon the First Diagnosis of Cancer4 as defined in your policy. With GTL’s New Recurrence Benefit (see the following page for specifics) that’s included with your coverage, benefits restore after you have been in a period of remission for at least one (1) full year from a previously diagnosed cancer and for which benefits have been paid under this policy.
or
Lump Sum Heart Attack and Stroke Policy: You will receive a lump sum benefit amount paid directly to you upon suffering a heart attack5 or a stroke6, as defined in your policy. The Lump Sum Heart Attack and Stroke policy also includes GTL’s Recurrence Benefit and a Coronary Angioplasty or Coronary Artery Bypass Surgery Benefit** which will pay you ten percent of the selected Lump Sum Heart Attack and Stroke benefit amount should a Covered Person have Coronary Angioplasty or Coronary Artery Bypass Surgery.
** PLEASE NOTE: The Recurrence Benefit does not apply to the Coronary Angioplasty or Coronary Artery Bypass Surgery. Benefits are payable one time during the life of your policy and do not reduce the Lump Sum Heart Attack and Stroke benefit amount. Also, this benefit is not payable if the Coronary Angioplasty or Coronary Artery Bypass Surgery is performed as a direct result of a heart attack which immediately preceded the procedure or surgery.
Recurrence Benefit Applies to: Lump Sum Cancer; Lump Sump Heart Attack & Stroke Policy
GTL’s Recurrence Benefit…
Applies to the Lump Sum Cancer Policy and Lump Sum Heart Attack and Stroke Policy
After you receive your lump sum payment your benefits are eligible to restore with the Recurrence Benefit.
The Recurrence Benefit is a percentage* of the Lump Sum Benefit paid when cancer reoccurs after you have been in a period of remission for at least one (1) full year from a previously diagnosed cancer and for which benefits have been paid under this policy (See chart below for details).
For the Lump Sum Heart Attack and Stroke Plan recurrence must be at least one (1) full year from the date the Lump Sum Benefit was paid (The Recurrence Benefit percentages are shown in the chart below).
Optional Riders…
Choose Your Optional Supplemental Riders
Intensive Care Rider: The Intensive Care Rider pays an indemnity benefit of $150 per unit per day for confinement in an Intensive Care Unit for any reason. The rider pays one half (1/2) the benefit amount for confinement in a step-down unit. Benefits are doubled if confinement occurs within 48 hours of an accident, in which you are the operator or passenger of an automobile, motor home, bus, motorcycle, or any truck with a load capacity of 2,000 or less or as a fare paying passenger on any vehicle, boat, ship, aircraft or train. Benefits are limited to 30 days of confinement in connection with any one hospital admission. Benefits for this rider reduce by 50 percent at age 70.
*Subject to a 30 day waiting period. Intensive Care Rider not available in Colorado.
Return of Premium Rider: We will return all premiums (less any claims paid) if you pass away prior to age 85. ** Return of Premium Rider not available in Iowa.
Guarantee Trust Life Insurance Company: With more than seventy-five years of experience in the insurance industry, Guarantee Trust Life Insurance Company has a proud heritage of providing excellent service and superior insurance products.
Therapy and Wellness Rider: GTL’s Therapy and Wellness Rider pays an indemnity benefit of $50 per calendar year for one (1) of the following tests:
The Therapy and Wellness Rider also includes the following benefits:
Educational Services Benefit: Pays an indemnity benefit of $50 per session for a self-management education and counseling program provided to educate you and your primary caregiver, when needed, to care for your needs as the result of Covered Condition(s) for which you have received other benefits under this policy. This benefit is limited to 12 sessions per calendar year.
Healthy Lifestyle Benefit: Pays an indemnity benefit of $25 per calendar year for making healthy lifestyle choices. This benefit is payable if you participate in a smoking cessation program or join a weight loss or physical fitness program. This benefit is payable once per calendar year per covered person that is over the age of 17.
Hearing, Occupational, Physical & Speech Therapy Benefit: Pays an indemnity benefit of $25 for each day hearing, occupational, physical and/or speech therapy is needed as a result of a Covered Condition(s) for which you have received other benefits under this policy.
Alternative Care Benefit: Integrative Assessment and Education Benefit: A one time benefit of $75 is payable for assessment and/or education services performed by an Accredited Practitioner.
Ameliorative Benefit*: We will pay an indemnity benefit of $25 per visit to an Accredited Practitioner, for up to 20 visits per calendar year for acupuncture, massage therapy, biofeedback and hypnosis.
Lifestyle Benefit*: We will pay an indemnity benefit of $25 per visit for up to 20 visits per calendar year to an Accredited Practitioner for the following types of alternative care: smoking cessation, yoga, meditation, relaxation techniques, Tai-Chi and nutritional counseling.
*Benefit payment subject to a Covered Person providing proof for Injury or Sickness.
Mental Health Benefit: Pays an indemnity benefit of $50 per session for counseling for mental and nervous disorders or emotional disease or disorder needed as the result of a Covered Condition(s) for which you have received other benefits under this policy. This benefit is limited to 5 sessions per calendar year.
For more information, please contact Kathy@agent-link.net
